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FOX News
Dec 9, 2012 7:00am PST
. that probably won't happen until the spring or summer next year. the fiscal cliff, dealing with that, it's only the beginning. >> if you're sitting at home, whether you're in the middle class, upper class or searching for a job and slipping into lower class, why should you care about this and what can you do to affect change if washington so there's let political theater and more action? >> that's a major concern for members of congress. we're talking about the debt and deficit but the focus turned away from jobs. that's why i think the deal that is struck may not be if -- the cuts may not be effective immediately. maybe takes rates take a year to kick in because the economy is fragile. people who are out of a job don't want the economy to tank further. they want a job in 2013. congress has to be very careful to get a deal that actually doesn't put us back into recession. as you know, there's not a lot of confidence in congress so there's fear congress will mess it up. >> that's been the situation for a long time. people want to unfasten their seat belts on this. we'll keep a close eye on it. w
PBS
Dec 4, 2012 6:00pm PST
if we don't deal with the deficit right away. the fiscal cliff is a very different story. that's about reducing the deficit too fast. >> ifill: you call it an austerity bomb. describe what you mean by that. >> what's happening is that we are scheduled, unless something is done basically to do to ourselves gratuitously what has been happening to some of the european economies. we're going to have substantial spending cuts, substantial tax increases at a time when the dme is still very weak. of course that's a recipe for sliding back into recession. we set ourselves up with the land mine and the road in front of our economy which is not based on anything real, it's just based on our politicalness. >> ifill: speaking of political mess, both sides have what they say are opening gambits on the table. president obama at least his last week which calls for $1.6 trillion in revenues. the republicans came back with their own yesterday. as you looked at each approach, what do you see in that? >> well, i think it's important. i think the reporting has been a little weak on the republican plan. it
MSNBC
Dec 5, 2012 2:30am PST
proposed in a fiscal cliff deal which the white house quickly rejected because it does not raise taxes on the wealthy but aims to get the money through cuts in deductions. senator jim demint denounced boehner's plan as a tax hike that will, quote, destroy american jobs and allow politicians in washington to spend even more. senate minority leader mitch mcconnell also distanced himself from the boehner plan declining to endorse it yesterday. >> we've wasted enormous amount of time here sparring back and forth in public, and it strikes me it's a good time to get serious about the proposals. so i have no other particular observation than i commend the house republican leadership for trying to move the process along and getting to a point where hopefully we can have a real discussion. >> but why is the the gop still hot on its desire to raise money through cuts and deductions rather than an actual increase in the top end tax rate? well, i think it's likely because the most ductions in states happen to be the higher blue states. in other words, the gop wants the states that largely reelecte
FOX News
Dec 10, 2012 8:00am PST
on the fiscal cliff. this morning a leading republican said any deal should include the major drivers of our debt. >> the long-term indebtedness of this country is baby boomers retiring putting pressure on medicaid, medicare and social security. i hope my party will look out for the country and not just the party itself and pure this president to do something he has never done before, lead in a bipartisan way. >> reporter: a little swipe there at the end but republicans have been consistent that it is important to address entitlement reform, something they very much want on the table if we're going to have a big deal in this fiscal cliff matter. jon? jon: on the democratic side it seems like they are holding firm on being sure that there is additional tax revenue in any fiscal cliff deal, right? >> jon, no question about that. they have been consistent from the very beginning. the president ran on the upper income americans paying more taxes as part of this deal. we heard more from chuck schumer on "fox news sunday". >> we democrats realize that there have to be two sides to this bargain but
FOX Business
Dec 11, 2012 5:00pm EST
of a good thing. stocks soared in early trading on hopes of a deal on the fiscal cliff. but a parade of speeches by congressional leaders this afternoon dump ad whole lot of water on the rally. stocks pared back from session highs. dow closed down 78 points. even dollar stores are having trouble making money today. dollar general shares got hammered. they warned of sluggish growth ahead and margins that would likely remain flat. >>> urban outfitters is mailing holiday catalogs filled with f-bombs. did you get one of these. retailer is seeing quote, high single-digit expansion in same-store sales this quarter. shares rose more than 4% on the news. it is our top story tonight. un-busters cracking the bedrock of labor unions in michigan even though fiery protests rocked the state capitol all day today they were out there. its house of representatives has passed two right to work bills making it possible for workers to volunteer to belong to a union and pay dues. michigan governor rick snyder could sign bills into law any minute now. so is this the end for unions? joining me now is the t
FOX News
Dec 7, 2012 8:00am PST
whatever deal they reach they have to get the votes for, and that's just the beginning. this fiscal cliff deal if they reach one it's just the beginning of deal making because it's not going to solve the problem. there is going to be more talks going into 2013 on tax reform and dealing with the deficit further. >> reporter: bob cusack thank you so much for joining us. we appreciate it. >> thank you. jon: let's talk a little bit more about the pickle that house speaker john boehner is in. he's struggling to avoid going over the fiscal cliff. he's facing growing criticism from members of his own party, the speaker removing four conservative congressman from key committees, the move seen by some as a way to close ranks over a potential fiscal cliff deal with the white house. outside conservative groups are voicing their displeasure saying speaker john boehner could even lose his speakership. carl cameron joins us live in washington. so he has a lot of problems with conservatives right now, car. >> reporter: sure it's not just off the hill. some of the members on the hill. fiscal conservative
MSNBC
Dec 7, 2012 11:00am PST
. >> the uncertainty? >> yeah. >> blake, if there is a deal to avoid the so-called fiscal cliff, could these jobs numbers get considerable better? >> i think so, but it's funny. the republicans are in a bit of a box here. their motivation is to say it's not so good. a lot of jobless people out there. we have a real problem. meanwhi meanwhile, we have fiscal cliff negotiations where the president wants stimulus mechanisms including an extension of unemployment insurance. they're like a doctor who diagnosed you with a severe ill sxns won't sign the precipitation to give you the medicine. they emphasize the joblessness problem, and they don't want to give you unemployment insurance and tell that to someone laid off sleeping in their car. >> with these jobs numbers, had hurricane sandy not struck how better would this report have been? >> a lot of this was construction job weakness. clearly, that will rebound. one of the unfortunate upsides of natural disaster is that you do, whether the states or federal governments do it or insurance companies, you have a lot of infrastructure spending as people re
MSNBC
Dec 6, 2012 7:00am PST
're offering up an $800 billion tax increase, that's a big deal but it doesn't save us from the fiscal cliff. as susan was suggesting, there's a long time to go between now and the 31st. they have to wait until that long because neither side wants to appear to be giving in too early. that means they've given away more than they had to. you've got the president out there stirring the pot, trying to bring public opinion more to his side. the republicans are struggling to find some message to keep up with it. the danger is this whole thing boils over in animosity before the 31st and they go off the cliff because they have antagonized each other so much. >> and speaking of antagonistic situations, there's been a lot made of the dysfunction within the republican party but there's an article on the front page of the "new york times" that suggests that speaker boehner is actually in a stronger position in his caucus than when he was elected two years ago. how is he doing, do you think? >> well, i think he's in a stronger position because republicans feel like they're in a weaker position. i think a
MSNBC
Dec 9, 2012 12:00pm PST
to reach a deal on the fiscal cliff. lawmakers from both sides hit the sunday shows to late out the latest battle lines in the fight. on "meet the press," the number three house republican reiterated that any new revenues should come from closing loopholes, not raising tax rates. >> the president wants the rates to go up, that doesn't solve the problem. if the president is asking for higher rates, he's asking for more revenue. most economists agree the best way to get that is through closing special loopholes. >> on the same program, number two senate democrat, dick durbin declared that if the country does go over the fiscal cliff, there's only one party to blame -- republicans. >> i can tell you i don't want to do it, the president doesn't want to do it but we need to solve the problem, we cannot allow the reckless position to drive this economy into another recession. a recession which the republicans will own. >> joining me from the white house, nbc's mike viquiera. mike, it sounds like the same old-same old. any new movement you're hearing about? >> we seem to be at a point where democ
FOX Business
Dec 7, 2012 1:00pm EST
is reached on a fiscal cliff deal, that's a big if, serious problems with the economy will remain and it's time to ask the tough questions about the middle class. joining us now, lindsey piegza, economist with ftn financial. lindsey, as always thanks for being here. you say businesses and consumers will face hash realities next year regardless of what washington does on the fiscal cliff. what are those realities? >> right now everyone is very much focused getting a compromise done but even if we get the president's plan, even if we get the republican's plan very likely that shaves growth down to under 1% for the first half of the year. that is dismal outlook regardless whether or not we come to a compromise. that is much more positive outlook than falling off the cliff outright but still doesn't set us up for long-term growth. plus neither one of these proposes asks the tough questions of the middle class saying long term do we want to take on a bigger tax burden or do we want to cut the social programs? the conversation to me seems very disingenuous when we're talking about 100 trillion
CNN
Dec 7, 2012 2:00am PST
is live in washington. nice to see you. new polls. what do americans want to see in a fiscal cliff deal? >> the polls are at these num, the big sticking points, should taxes be raised on those making over $250,000 a taxes would be raised if there's no deal to avert the fiscal cliff. yesterday as you said, the president was in northern virginia meeting with a middle class family who would suffer if there was no deal. last week the president went to suburban philadelphia, to a small business again to make the point of his side in these fiscal cliff negotiations. different than a year and a half ago when the president dealt only with republicans in congress. this time he is taking the case to americans and getting outside of washington, d.c. congressional republicans not so happy that the president is doing this. >> we understand that. paul steinhauser live in washington, thank you. >>> let's talk more about the fiscal cliff. we have the washington correspondent for the new yorker and cnn contributor ryan lizza with us. john boehner and the president in a room, just the two of them. good i
FOX News
Dec 8, 2012 1:00pm PST
efforts to reach a deal over the fiscal cliff. the president needs to make the next move. >> it is not going to help our economy, and it is not going to help those seeking work. i came out to put revenues on the table and to take a step toward the president to resolve this. when is he going take a step toward us? >>> welcome back and time for a quick check of the head loins. headlines. john mcafee is fighting deportation from guatemala to belize. he is wanted for questioning in the death of a neighbor. he became a millionaire after developing anti-virus software. >>> and former south african president nelson mandela is undergoing testing at a hospital. the 94-year-old hasn't made public appearances for years. >>> and a massive typhoon devastating the philippines has made a u-turn. the storm already killed nearly 600 people, and now it is threatening to mick a second land -- threatening to make a second landfall. greg? >>> president obama asking pong for tens -- asking for tens and billions of dollars. he is calling for $64 billion for hard-hit new york and nerming new jer
FOX News
Dec 5, 2012 8:00am PST
a deal done more than me. so he's trying to essentially give some encouragement to get the fiscal cliff deal talks ignited and going. and so this comes on -- the speech is coming on a breaking news day jenna of what you and i were talking about and that is basically citigroup laying off 11,000 workers as the president is now speaking to the business roundtable. those layoffs at the nation's third biggest bank have begun. jenna: let's talk a little bit more about that, liz, that news came into our newsroom a couple of hours ago. you've been working this. learning more about also what is to come for the big bank. why is the bank making such massive job layoffs now and what is really to come in the next year or so? >> reporter: yeah, what we're talking about here is essentially this is citigroup, this i is the bank that got $476 billion in bailout help. it got the most bailout help of any bank. what happened was citigroup was -- its ceo had stepped down a couple months ago, now they have a new ceo by the name of michael corbett, an is working very aggressively to cut out the excess, the mi
CNN
Dec 7, 2012 4:00am PST
and speaker boehner are working on a deal on the fiscal cliff. but there's one man who says it's all about the baby boomers. a former white house senior adviser says without that impact, you're never going to get anywhere. >>> plus senator colbert, a new push to get him into washington politics. talk about that ahead. music is a universal language. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. information on my phone. connection to doctors who get where i'm from. and tools to estimate what my care may cost. so i never missed a beat. we're more than 78,000 people looking out for more than 70 million americans. that's health in numbers. unitedhealthcare. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12 years. aids is strong. aids is strong. but we are stronger. and aids... ♪ aids is going
FOX News
Dec 10, 2012 12:00pm PST
and the house speaker boehner to work out a deal to avoid the fiscal cliff what if they say we have a deal, wouldn't players on both sides, the tar right and the far left, be angry? would it make more sense to wait until the last minute and then tell us? could that be what is going on? >>shepard: north korea is reportedly planning a rocket launch. technical glitch forced officials to add an extra week to the take off window. they now report the launch will take place some time before december 29. officials claim they are trying to put a satellite in space but the united states does not believe it. they say the regime is planning to test a long-range nuclear capable ballistic missile. the navy moved warships to the region to track and possibly defend against the planned launch. defend. and now the news from washington, dc. what are foes saying in the united states about this? >> only that the delay appears to is done nothing to dissuade north korea from moving ahead with what is believed an effort to build an intercontinental missile aimed of having a nuclear warhead. >> as far as we can te
FOX News
Dec 11, 2012 8:00am PST
will get their back on this and other issues. but remember, he has to strike a fiscal cliff deal. that deal is likely to contain some things unions don't like. that is some of the politics going on right now. rick: bob cusack, managing editor of "the hill." thanks so much. >> thanks, rick. >> there are three elements to this. growth, reduction in spending, and raising of revenues. we have already voted for, we, democrats voted for over a trillion dollars in cuts and spending. that was part of the budget control act and that's part of how we should go forward. jenna: that was house minority leader nancy pelosi late last month,g democrats in congress support ad trillion dollars in federal spending cuts. with so much of the fight over that looming fiscal cliff focusing on tax rates we want to look at that claim, that claim specific to spending to see how it stands up with the facts. doug mckelway is live in washington with more on this story. >> reporter: good morning, jenna. the republicans claim democrats are solely focused on raising tax rates not spending cuts. democrats counter what we he
CNN
Dec 6, 2012 4:00am PST
the fiscal cliff deal has come to? why 81-year-old former senator alan simpson is going gangnam style to get everyone's attention on debt. >> it has officially jumped the shark. >>> alan st. pierre is the executive director for the national,or for the reform of marijuana laws. oregon senator jeff merkley, heidi ewing, and rachel grady will be joining us. steve satich, ohio congressman, steve latourette, and ambassador nick burns are our guests this morning. it's thursday, december 6th, and "starting point" begins right now. >>> welcome, everybody. our starting point this morning, some major developments to tell you about in egypt, after angry protests against political moves by the president, mohamed morsi, have turned deadly. tanks, armored personnel vehicles, all stationed outside the presidential analysis cairo. not only are they guarding the palace, they're also keeping apart supporters and opponents of morsi. hundreds of his islamist supporters already taking to the streets in cairo this morning. opponents are gathering not very far away. last night the two sides clashed right outside t
FOX Business
Dec 10, 2012 7:00pm EST
whether washington can work out a deal to avoid the fiscal cliff. stocks rising, well, modestly is a big, strong word for what happened. technology stocks helping the dow up 15 points. the s&p up a fraction, the nasdaq rose nine. trading light. technology stocks strong in the market, and i'm speaking, obviously, comparatively. hewlett-packard setting the tone, leading the sector, not commenting on speculation that carl icahn has been amazing a position in the stock -- amassing a position in the stock. cisco systems -- mcdonald's, also a dow stock rising on news that sales rose 2.5% last month. that stock up just about 1% today. piper jaffray calling apple a $900 stock based on fundamentals. it may be, but it's got a ways to go after today, apple losing $3.43 on the day, $8 above its low of the session and trading slightly higher in after hours. crude oil prices down on the day for a fifth straight session closing at 85.56, the decline in crude also showing up at the pump. the average price of a gallon of gasoline dropping 11 cents, and we're looking at an average price of $3.34 a gallon.
FOX News
Dec 9, 2012 8:00am PST
jerramy e centanni is live with the latest on the fiscal cliff. >> reporter: there is no deal yet. no negotiations, face to face, but one republican is giving ground this morning on a major stumbling block. and that's the tax rates for the wealthy. and a key democrat expressing optimism. here's the two side, moving a bit closer together on "fox news sunday." let's listen. >> i think we will get an agreement. the reason i think we will get an agreement. what's standing in the way is revenues, particularly making that top rate go up to 39-6. but i think we are seeing real progress. i think you will see our republican colleague, reluctantly say let's go up to 39-6. >> a lot of people are saying, give the president the 2% increase he's talking about, the rate increase on the top 2%. so there is a growing body. i am beginning to believe that's the best route for us to take. >> reporter: saying, go ahead give the president the tax increase on the highest 2% of wage earners. but house speaker and john boehner have not sat down for negotiations. even though corker is saying there is growi
MSNBC
Dec 8, 2012 11:00am PST
. >>> meanwhile, back in washington, with just over three weeks left to make a deal on the fiscal cliff, both sides out with new statents today. and on the surface, they still sound far apart. president obama this morning saying he's going to insist on raising taxes on the wealthiest americans no matter what. >> if we're serious about reducing our deficit while still investing in things like education and research that are important to growing our economy, and if we're serious about protecting middle-class families, then we're also going to have to ask the wealthiest americans to pay higher tax rates. that's one principle i won't compromise on. >> meanwhile, on the other side of the aisle, republican senator marco rubio gave the weekly republican address today. part of his message? the tax rate should not go up on anyone including the top 2%. >> we must reform our complicated, uncertain, job-killing tax code by getting rid of unjustified loopholes. but our goal should be to generate new revenue by creating new taxpayers, not new taxes. >> joining me, author of "the escape artists: how obama's
ABC
Dec 5, 2012 1:40am PST
the fiscal cliff. but right now they're miles apart and digging in their heels. president obama told bloomberg tv a deal is possible, but -- >> unfortunately the speaker's proposal right now is still out of balance. >> reporter: that plan sent to the white house offers a total of $2.2 trillion in deficit reduction over the next decade. that includes $1.2 trillion in spending cuts and $800 billion in new tax revenue, but here's the key. no rate increases in the top 2% of taxpayers. that's non-negotiable for president obama. >> we're not going to be able to got a deal without it. >> reporter: the white house says the republicans' math just doesn't add up. >> it's magic beans and fairy dust. >> reporter: negotiations have reached a stalemate. >> there's nothing going on privately that is not going on publicly. >> reporter: there is no plan at this time for congressional leaders to meet with the president at the white house, and it doesn't sound like he's sending out invitations any time soon. >> i don't think that the issue right now has to do with sitting in a room. >> reporter: earlie
CNN
Dec 6, 2012 2:00am PST
in the fight over the fiscal cliff. a deal has to be hammered out in 26 days or all of us will be dealing with heavy-handed tax hikes and sweeping cuts. the two sides are keeping details of the discussion yesterday under wraps. thil standing their ground on tax hikes for the top 2%. >> the revenues we're putting on the table are going to come from, guess who, the rich. >> once republicans acknowledge that rates are going up for top earners, we believe that an agreement is very achievable. >> kate baldwin is live from washington, d.c. really nice to see you, kate. i know i went into this saying that we're light on details. i'm wondering if you know anything else, are we closer to an agreement. >> i think we're a long way from a deal. although it's one issue they're fighting about. politically they are still very far apart. the two men as you mentioned, the president and speaker boehner did speak for the first time yesterday, the first time in a week which i guess at this point in and of itself is significant because there isn't much talking going on outside of that. but neither side is off
CNN
Dec 11, 2012 1:00pm PST
making the case, get out from behind closed doors and negotiate the terms of the fiscal cliff deal in public. let's listen. >> i get nervous when two people disappear into a white house room and start making a grand alliance and they think, we're going to do this and get it out of the secret meetings and into the public venues to the american people and the congress themselves, we're responsible for making intelligent decisions. that should be done publicly. but at some point, after public debate and so forth, yes, private negotiations can help bridge the gap and bring us to a successful conclusion. >> mary, what do you think? will that be a kiss of death? >> i don't think there's time, wolf, the president has been dragging its feet. we have a few numbers of days left before we go off the fiscal cliff and taxes are raised for everybody. so speaker boehner knows a caucus, a serious, mature sober leader. he knows what his principles are. he's a principled conservative, a mainstream businessman and knows what the issues are. the house should and is largely trusting him. >> and what do
MSNBC
Dec 7, 2012 10:00am PST
to get a deal that will prevent us from going off the fiscal cliff and probably going to be a deal that the white house will be happy with. i think it's increasingly clear that the white house has the upper hand, they're better off if -- they're better off than republicans if we go over the fiscal cliff. they have leverage from the campaign. that's the directionion -- speaker boehner today kept the door open to raising rates on the wealthy as part of a negotiating plan. >> at the white house, what are you hearing as to how much flexibility the president thinks he has? >> it's interesting. i had an interesting conversation yesterday with senator sheldon, white house democrat from rhode island, on the senate budget committee, he said look if we go through january 1st without a deal, it's not the end of the world. it will be the end of the world if they never get resolved. if they don't get resolved until mid january or february we'll be okay. from the white house and democrats we want a deal but not afraid to go past this deadline without a deal as susan said, they know they have the
FOX News
Dec 7, 2012 12:00pm PST
cliff with senator senators schumer from new york and senator corker. any deal to avoid the fiscal cliff is up to president obama and house of representatives spear boehner but never is very optimistic. the latest on the negotiations which will affect us all is next. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. so i never missed a beat. that's health in numbers. unitedhealthcare. >>shepard: we have signs of improvement in the job markets with millions still out of the work. the national unemployment rate fell from 7.9 percent to 7.7 percent last month. that is the lowest rate in four years. it comes despite the loss linked to super storm sandy. but the government reports the unemployment rate fell largely because so many americans gave up their search. at the same time, the u.s. economy added 146,000 jobs in november above what the analysts predicted. well above. and gerri, where do we see the biggest gain? >>gerri: in retail. no surprise for holiday season. we expect add big impact
CNN
Dec 5, 2012 1:00pm PST
a chance looking bad by leaving town before making a deal on the fiscal cliff. what's going on? if you take an aspirin to prevent heart trouble check the labor. our own dr. sanjay gupta tells us what a new study says about the effects of coated tablets. we'll also hear what happened during in flight emergency during one of the world's newest high-tech planes. i'm wolf blitzer, you're in the situation room. >>> with just 27 days to go until all of us are hit with tax increases, takes it across the board a cut of $55 billion. people have it in their power to avoid the so-called fiscal cliff aren't negotiating, they're not debating right now, so many of them simply leaving town. but there's more going on than meets the eye. let's bring in our senior congressional correspondent dana basch, she has the latest. >> reporter: there's so much political theater around here right now, you could say tickets. one of today's acts was the house leaving. lawmakers streaming out of the capitol hill, racing to their cars to get to the airport and go home. it's a scene you usually see on a thursday afternoon
CBS
Dec 9, 2012 6:30am EST
. >> detroit goes into bankruptcy before the new year. >> to avoid the fiscal cliff, we will be cut between the week between christmas and new years. >> we go over the cliff and get a deal right after new years. >> mort? >> the economy is going to be very weak despite the solution on the fiscal cliff. >> ryan is right on the cliff, by the way. i predict the u.s. afghanistan by december 31, 2013. bye-bye.
FOX Business
Dec 10, 2012 11:00am EST
for dealing with the fiscal cliff in detroit. connell: peter barnes is in d.c. with the very latest on all of this. peter: neither side is dishing on the meeting yesterday afternoon. both sides issuing identical statement that said "the lines of communication remain open." the best strategy for republicans may be to swallow some higher tax rates, get that issue off the table and then come back to entitlement reform early next year when the president asks for an increase in the debt ceiling. then republicans will have a little more leverage. >> a lot of people are putting forth a theory. i think it has merit. you give the president the 2% increase that he is talking about. there is a growing body. i believe that maybe the best route for us to take. peter: this afternoon, the president will speak in detroit. he will be speaking at and engine company, detroit diesel. obama aides said the company will also announce $100 million new investment and production as part of the president visit. dagen and connell. dagen: thank you very much, peter. peter barnes in washington. connell: groups of union
CBS
Dec 5, 2012 5:30pm PST
will reach a deal to avert the fiscal cliff. if they're right, according to the nonpartisan tax policy center, families such as the watsons with annual income between $64,000 and $108,000 would see a tax increase of about $3,500. >> i think it just will put any future plans that we might have on hold, let's say fixing some electrical in our house. that's an immediate need that we have and we can't do it right now. >> reporter: they blame both the president and congress. >> it's very disappointing to see bipartisanship almost nonexistent. >> i call it the washington bubble. it's where they have no idea how their choices and their fighting and bickering affect the rest of us. >> reporter: there is, they say, a surprising upside to their financial challenges. they can't afford the fees for extracurricular activities, so after school they spend time together. >> we do a lot of things more as a family. we're not as materialistic as we've been in the past. but we're also seeing the blessings from it so we're stronger as family, our kids are closer to us. >> reporter: but with 27 days before the jan
CBS
Dec 5, 2012 6:30pm EST
. negotiations on a budget deal haven't gone very far and there are just 27 days before that so-called fiscal cliff. that's the package of tax increases for most americans and budget cuts that will hit automatically unless the white house and congress find a gentler way to solve the crisis in the federal budget. here's how treasury secretary tim geithner put it on cnbc. >> is the administration prepared to go over the fiscal cliff? >> absolutely. there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest americans. ren, it's only 2%. >> pelley: by 2%, he means individuals making more than $200000 and couples taking in 250,000 or more. republicans say rates shouldn't be increased on anyone. with no agreement, going over the fiscal cliff would be painful. the automatic tax increases break down like this: households making $20,000 to $4,000 would see an increase in $1,200 a year. incomes $40,000 to $64,000 would see taxes rise $2,000 and in the $64,000 to $108,000 bracket taxes go up $3,500 a year. mr. obama and the republican speaker of the ho
MSNBC
Dec 10, 2012 3:00am PST
in the fiscal cliff negotiations with now just 21 days to reach a deal. that's three weeks. today president obama returns to campaign mode, taking his fiscal cliff message to detroit. yesterday the president and speaker boehner met privately at the white house. their first face-to-face meeting since they agreed last week to clear everyone else out of the negotiating room. neither side revealed anything about the meeting that was part of the agreement. only saying that the lines of communication remain open. but yesterday another influential republican, senator bob corker from the senate banking committee, said his party should consider the president's position on raising tax rates on the wealthy. >> there is a growing group of folks that are looking at this and realizing that we don't have a lot of cards as it relates to the tax issue before year end. i mean, we have one house, that's it. the presidency and the senate's in the democrats' hands. a lot of people are putting forth a theory, and i actually think it has merit where you go ahead and give the president the 2% increase that he's ta
FOX News
Dec 5, 2012 7:00pm PST
spending decreases if you go over the fiscal cliff than if you deal with president obama. >> greta: well, it appears to many in the city that it's politico check mate for the president. if we go over the fiscal cliff, what it means is the taxes will go up on the wealthy, the big earners. it also goes up on the middle class. i assume the middle class will look to the rawp republicans foe fact that their taxes come up so political check mate. >> i'm not so sure. president obama could avoid that very simply by putting maybe two or three to one expenditure reductions on the table for revenue increases, something like sim responsibl simpson bow. he has a formula given to him by a commission he appointed and heted that formula and presented to the republicans a program which was basically just a massive tax increase over and above the massive tax increase that's going to take place with the bush tax cuts expiring, so i don't see where there's -- he hasn't given them room to compromise. maybe if he had put his tax increases on the table and put up expenditure reductions of, you know, one and a
MSNBC
Dec 5, 2012 11:00am PST
with three simple bullet points. that's the entire proposal to deal with the fiscal cliff and starts out with the sentence that's remarkable, tamron. first sentence is because the election is a status quo, both sides have to compromise. they didn't see what happened. they just dismissed it as a status quo election and this is not just speaker boehner we eric cantor and paul ryan, kevin mccarthy. the entire house republican leadership signed on to the so-called fiscal cliff proposal letter. they're not serious about negotiating. i don't know the right wing and the tea party of who the republican party is nowadays but it's impossible to have a deal with one side refuses to compromise even after losing. they will not accept their own defeat. >> right. >> and that is the problem. >> a.b. let's play what congressman walter jones had to say on this boehner purge. i have the full screen of what he had to say when several members were removed as identified not being team players. he says, i was surprised but i won't sacrifice my integrity for anyone or any party. my integrity is what will get me
FOX News
Dec 10, 2012 6:00am PST
. another republican apparently willing to agree with tax hikes to get a deal on the fiscal cliff. that is the case now. what do republicans get in return? senator lindsey graham is live on that. martha: looks like a beautiful morning everywhere, doesn't it. new reaction as details are now emerging in yet another nfl football tragedy. this time a crash that killed a dallas cowboy player and left another player charged with manslaughter this morning. >> i think everyone in our organization who knew him is completely numb and has been numb the last couple days. football is a game of emotion. a lot of different emotions circulating. somehow how some way, we have to process it all and understand that life is different than football and we had a job to do today gressiv, and they're them. yes. but they're here. yes. are you...? there? yes. no. are you them? i'm me. but those rates are for... them. so them are here. yes! you want to run through it again? no, i'm good. you got it? yes. rates for us and them -- now that's progressive. call or click today. music: "make someone happy"
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